Major trials completed or underway include: the Palhano-Fontes et al. Phase II RCT (U. Federal RN, Brazil; NCT02914769) in treatment-resistant depression (29 patients), which showed large antidepressant effects. Erritzoe et al. (Imperial College London with Cybin UK, formerly Small Pharma) ran a Phase IIa placebo-controlled RCT of a single intravenous dose of DMT (SPL026, 21.5 mg) in moderate-to-severe MDD (n≈34, NCT03715127). Published in Nature Medicine in February 2026, it reported a significantly larger drop in MADRS scores than placebo, with the antidepressant effect persisting at three months and extending to six months in some participants, and no treatment-related serious adverse events. A first-in-human PK trial (NCT04716335, U. Zurich) tested intranasal DMT plus oral harmine in 10 volunteers; it found that the novel delivery greatly reduced nausea and yielded consistent blood levels. Brazilian investigators (USP, UFRN) have also run small open-label studies (Sanches et al., Osório et al.) and a scheduled Phase II comparing ayahuasca vs. esketamine in depression (NCT07212946), and a PTSD trial (NCT07317206). On the observational side, projects like the Ayahuasca Treatment Outcome Project (Takiwasi, Peru) have published one-year results for addiction. Leading academic groups include the Federal U. of Rio Grande do Norte (Natal, Brazil), Univ. of São Paulo, Maastricht University (Donders Institute, Netherlands), U. of Zurich, Imperial College London, and the Heffter Research Institute (USA). No regulatory Breakthrough or Fast-Track designations are currently granted for ayahuasca itself; however, DMT-assisted programs might seek such pathways if late-stage data accrue.